Why Stock Buybacks Are Dangerous for the Economy

https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy

Even as the United States continues to experience its longest economic expansion since World War II, concern is growing that soaring corporate debt will make the economy susceptible to a contraction that could get out of control. The root cause of this concern is the trillions of dollars that major U.S. corporations have spent on open-market repurchases — aka “stock buybacks” — since the financial crisis a decade ago.